SHOW BUSINESS: Independent Income

All Hollywood last week seemed to have
a rendezvous with the U.S. Government. In Manhattan the Department of
Justice suit against the major studios, to divorce producers from
control of theaters, was in its third week. On the West Coast, the
Bureau of Internal Revenue was sniffing at the heels of the independent
producers, who seemed to be getting too much money through a loophole
in the Revenue Code. Variety predicted that the outcome might well be
no suits to recover more than $30,000,000 in back taxes.